***LEVELS TO WATCH:...........>

GLOBAL MARKET/OPINION: ***LEVELS TO WATCH: Risk-off remains the central theme as

coronavirus concerns dominate the market. Tech signals clearly reflect this.

**TY1 KEY LEVEL: 135.29, Jun 2012 high (cont). BUND KEY LEVEL: 179.67, the Sep

2019 high (cont). GILT KEY LEVEL: 136.80, Sep 2019 high (cont). All FI levels

represent historic all-time highs. Bond markets remain in bull mode and tech

trend conditions point north.

**SPX KEY LEVEL: 50% retracement of the Dec 2018 to Feb 2020 rally. Would not be

a surprise if this retracement is tested soon, perhaps even today!

**EUROSTOXX 50 KEY LEVEL: 3239.20, the Aug 15, 2019 low.

**OIL KEY LEVEL: The Dec 2018 continuation lows of $42.36 (WTI)/$49.93 (Brent).

**GOLD KEY LEVEL: $1689.3, the Feb 24 high. In a broader uptrend but move higher

has paused for breath. Our intraday trend direction model has switched to

bearish this morning and will monitor this; it does however suggest the S/T risk

is currently skewed to the downside. Perhaps we'll see a deeper correction.

**AUDUSD KEY LEVEL: 0.6009, the 2008 major low.

**EURCHF KEY LEVEL: 1.0632, the 2017 low and 1.0624, the 2016 low.